Found 151 results for “cost”
In a significant move to ease transportation costs, Ekiti State Governor Biodun Oyebanji has unveiled 15 Compressed Natural Gas (CNG) buses, reducing fares by half. This initiative aligns with President Bola Tinubu's directives and coincides with Nigeria's Independence Day and the state's 30th anniversary.
As Nigeria's shortlet and furnished-apartment market expands, the bigger challenge is no longer access to properties but confidence in what is being advertised. Apaté is building a verification-first model designed to close that gap.
In a recent address commemorating Nigeria's National Day, President's speech has left many citizens yearning for hope and tangible change. Critics argue that the message lacked substance and did not address pressing national concerns such as fuel prices and economic reforms.
In a speech marking Nigeria's Independence Anniversary, President Bola Ahmed Tinubu emphasized significant economic milestones achieved during his administration, including a growth of over 4 percent and a reduction in oil theft. He also noted improvements in inflation rates and the rebuilding of foreign reserves, showcasing a commitment to economic revitalization.
The Naira has shown signs of improvement, appreciating to N1,370 per dollar in the parallel market, with official rates also reflecting a positive trend. This shift indicates a narrowing gap between the parallel and official exchange rates, providing a glimmer of hope for the Nigerian economy.
The Central Bank of Nigeria has disclosed that the nation's Net External Reserve fell to a historic low of $859 million in mid-2023 but has since rebounded to $40 billion. This recovery comes after significant reforms were implemented to stabilize the foreign exchange market and mitigate previous economic challenges.
President Bola Tinubu has announced that the 21 Micro, Small and Medium Enterprises (MSMEs) hubs established across Nigeria are instrumental in generating approximately 650,000 jobs. These hubs, located in 19 states and the Federal Capital Territory, provide vital resources to entrepreneurs to lower operational costs and foster business growth.
The Airline Operators of Nigeria (AON) have issued a stark warning that a recurrence of recent disruptions could force member airlines to halt operations across the country. This statement follows the significant impact of a previous incident on Air Peace's services, emphasizing the urgency for resolution in the ongoing disputes.
Nigeria's recent participation in the 2026 United Nations General Assembly raises critical questions about the effectiveness of its diplomatic strategy, particularly in light of President Bola Tinubu’s continued absence. As global leaders grapple with pressing issues, the implications of Nigeria's delegation choices demand thorough scrutiny and accountability.
Despite investing over $200 billion in infrastructure since 2000, Nigeria's transportation sector remains a significant hurdle for economic progress, hampering business efficiency across the nation. The current state of transport not only affects daily commutes but also the broader economic ambitions of the country.
The Central Bank of Nigeria has called on citizens to treat the Naira with greater care, emphasizing that proper handling will not only extend the currency's lifespan but also reduce the financial burden associated with replacing damaged notes.
In a bid to enhance trade efficiency and attract investments, the Nigerian government has approved the upgrade of four major ports in the South-South region. This initiative aims to streamline logistics for businesses and bolster employment opportunities across the area.
Former Vice President Atiku Abubakar has pledged to review the national minimum wage from his first day in office, citing its inadequacy in meeting the essential needs of Nigerian workers. His call for a wage increase comes in the wake of escalating petrol prices that have intensified the financial strain on citizens.
A popular food vendor in Osogbo has reportedly disappeared, leaving many residents without their purchased goods and hard-earned money. The vendor, known for selling affordable food items, has sparked outrage and concern among the local community.
